Every fifth adult Pole has no cash savings

A survey for the Twój Prawnik 24 law firm network conducted by UCE RESEARCH and SYNO Poland on a sample of over a thousand adult Poles shows the average savings of Poles in the form of cash. As many as 20.1 percent of respondents choose the answer PLN 1,000-4,999. This is what is declared by people mainly aged 23-35 with a net monthly income below PLN 1,000, with primary or lower secondary education, and from towns with 5,000-19,000 inhabitants.

"Overall, these are small savings, but no wonder. Even though wages are rising, inflation is rising at the same time and people are spending more. In addition, bank deposit rates are also very low, which does not encourage savings. So there are no strong savings. We can assume that savings would be even smaller if not for the pandemic and lockdowns. The period of shutting down at home made us realize how often we fall into a thoughtless consumerist lifestyle. We often bought things without which we can function in peace," prof. Elżbieta Mączyńska, president of the Polish Economic Society (PTE), commented.

As emphasized by Piotr Bijański, president of the Twój Prawnik 24 law firm network, definitely lockdowns made spending money on entertainment very limited.

(WBJ)